Registration of Firms and Trusts
The Companies Act of 1956, passed by the Parliament of India in 1956, facilitated the formation of companies through registration. It outlined the duties and responsibilities of companies, as well as those of their directors and secretaries.
The Government of India, through the Ministry of Corporate Affairs, oversees the implementation of the Companies Act 1956. Various offices, including the Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc., are involved in its administration. The Registrar of Companies (ROC) specifically manages the incorporation of new companies and oversees the ongoing administration of existing ones.
Since its commencement, it has been amended many times, in which amendment of 1988, 1990, 1996, 2000 and 2011 are notable.
